In the vast world of finance, interest rates play a pivotal role in determining the cost of borrowing and the return on investment. However, arriving at an appropriate interest rate for financial transactions can be complex. This is where the reference interest rate comes into play. In this blog post, we will delve into the… Continue reading What is the reference rate?
Author: MMP
SMART Reference Lending Rate in Bangladesh-Is it Really Smart?
Article by A.Y.M. Solaiman Reviwed by Mahbubur Rahman The “six-month moving average rate of treasury bills (SMART)” is a new monthly reference lending rate formula introduced by Bangladesh Bank on June 19, 2023, to be implemented in July 2023. It replaced the single-digit 6%-9% interest cap regime. The rate is fixed based on the weighted… Continue reading SMART Reference Lending Rate in Bangladesh-Is it Really Smart?
How to Budget for a Disability: Tips and Tricks.
To budget for a disability, identify necessary expenses and prioritize them accordingly. Allocate funds for unexpected costs and consider seeking financial assistance if needed. Living with a disability can come with financial challenges that require careful budgeting. From medical expenses and assistive technology to transportation and home modifications, it’s essential to identify necessary expenses and… Continue reading How to Budget for a Disability: Tips and Tricks.
What is Money in Economics?
Money in economics is a store of value, a unit of account, a standard of deferred payment and a medium of exchange that we use to purchase goods and services without the need for cumbersome bartering. It is a fundamental concept in the field of economics and plays a crucial role in the functioning of… Continue reading What is Money in Economics?
Functions of Money you may not know
Money is an integral part of our daily lives. From buying groceries to paying bills, money is essential. But have you ever wondered what the actual functions of money are? In this article, we’ll explore the functions of money and why it’s important to understand them. Functions of Money The functions of money are essential… Continue reading Functions of Money you may not know
How to Budget for a Death: Practical Tips for Families.
To budget for a death in the family, calculate funeral costs and any outstanding medical bills. Create a list of expenses and consider reaching out to organizations that offer financial assistance or negotiate payment plans with creditors. Death is a profound loss that nobody wants to be unprepared for. When a family member passes, in… Continue reading How to Budget for a Death: Practical Tips for Families.